A share price of Accuray Inc [ARAY] is currently trading at $1.93, up 2.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ARAY shares have gain 13.53% over the last week, with a monthly amount glided 10.29%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Accuray Inc [NASDAQ: ARAY] stock has seen the most recent analyst activity on February 13, 2024, when ROTH MKM initiated its Buy rating and assigned the stock a price target of $9. Previously, B. Riley Securities started tracking the stock with Buy rating on June 23, 2022, and set its price target to $7.50. On December 22, 2021, Loop Capital initiated with a Buy rating and assigned a price target of $7.50 on the stock. BTIG Research upgraded its rating to a Buy but stick to its price target of $9.50 on January 21, 2020. Citigroup upgraded its rating to a Neutral. JP Morgan downgraded its rating to Underweight for this stock on December 13, 2017. In a note dated November 30, 2017, Lake Street initiated an Buy rating and provided a target price of $10 on this stock.
Accuray Inc experienced fluctuations in its stock price throughout the past year between $1.40 and $3.05. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Accuray Inc [NASDAQ: ARAY] shares were valued at $1.93 at the most recent close of the market. An investor can expect a potential return of 210.88% based on the average ARAY price forecast.
Analyzing the ARAY fundamentals
Trailing Twelve Months sales for Accuray Inc [NASDAQ:ARAY] were 444.20M which represents -2.26% decline. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.37 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.8817 points at the first support level, and at 1.8333 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9667, and for the 2nd resistance point, it is at 2.0033.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Accuray Inc [NASDAQ:ARAY] is 1.62. As well, the Quick Ratio is 0.85, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 4.29.
Transactions by insiders
Recent insider trading involved Pervaiz Ali, SVP Chief Financial Officer, that happened on Sep 04 ’24 when 8404.0 shares were sold. SVP, Chief Commercial Officer, Chalke Sandeep completed a deal on Dec 01 ’23 to sell 26799.0 shares. Meanwhile, SVP Chief Financial Officer Pervaiz Ali sold 2701.0 shares on Jun 04 ’24.
